Regional News
Liu: Pension Funds to Invest $500M in Sandy Work
Wednesday, February 27, 2013
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Four of New York City's five pension funds have voted to invest $500 million in areas affected by Hurricane Sandy, according to city Comptroller John Liu, with the fifth expected to follow suit.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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